|
Forex Forums | ForexLasers.com |
|
|||||||
 |
|
|
LinkBack | Thread Tools | Search this Thread |
|
#1
20-03-2018, 21:36
|
|||
|
|||
Indicator for Stop Loss levels calculation using Bill Williams technique indicator
An indicator for Stop Loss levels calculation using Bill Willams technique Bill Williams in his book "Trading Chaos: Applying Expert Techniques to Maximize Your Profits" (Chapter 7, Level One: Novice Trader, p.95) has described SL as follows: " We place the air bag one tick above/below the high/low of the second bar back on one significantly higher time frame (or the next bar further back that has both a higher high and a higher low or a lower high and lower low). This is our air bag protection. Its purpose is to protect us against a drunken market that is moving against us. Remember, it is not necessiarly an entry signal; it is protection against major losses " The indicator calculates and shows Stop Loss levels (for Buy and Sell positions without installed SL) using this method. Indicator variables: 
|
|
| Thread Tools | Search this Thread |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Trade with or without stop loss! | shere1779 | Forex Discussion | 22 | 09-07-2021 18:12 |
| LRMA Fast Calculation indicator for MetaTrader 4 | Metatrader Indicators | FX Indicators Download Database | 0 | 20-03-2018 21:30 |
| Bill Williams ATZ indicator indicator for MetaTrader 4 | Metatrader Indicators | FX Indicators Download Database | 0 | 01-03-2018 13:59 |
| Doda-Donchian with stop-loss feature indicator for MetaTrader 4 | Metatrader Indicators | FX Indicators Download Database | 0 | 01-03-2018 13:59 |
| Where to Set Stop Loss When Trading | ForexArticles | Forex Articles | 6 | 30-09-2015 07:11 |
